Why Are the Laws of Thermodynamics Considered Laws of Nature

question 35

Multiple Choice

Why are the laws of thermodynamics considered laws of nature and not scientific theories?

• A) We do not understand how or why energy behaves the way it does.
• B) We understand why energy behaves the way it does but not exactly how it behaves.
• C) We understand how energy behaves but not exactly why it behaves the way it does.
• D) We cannot be absolutely sure that energy will behave the same under all conditions.
• E) We have a complete scientific explanation of energy behavior.

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Definitions:

Foreign Exchange Gain

Profit from favourable changes in exchange rates affecting the value of currency positions.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, often reported on the income statement.

Relevant Exchange Rates

The appropriate exchange rates used in the conversion of foreign currency transactions into the functional currency for reporting purposes.

Fixed Interest Rate

An interest rate on a liability, such as a loan or mortgage, that remains constant for either an agreed period of time or the entire term of the loan.